Vattenfall believes that competition plays a decisive role for a market to function effectively and has a zero tolerance policy with respect to bribery and corruption. Vattenfall requires that all employees take personal responsibility to act in accordance with the company's ethical guidelines, which are laid out in the Vattenfall Code of Conduct. Tailor-made trainings and e-learning tools have been developed to support these ambitions. Executive management and employees who have extensive contact with our competitors are required to participate in the Vattenfall Integrity Programme (VIP). The VIP includes both e-learning and instructor-led training with the purpose of raising the level of awareness, ensuring the employees understand the integrity standards Vattenfall expects of them, and ensuring a common compliance culture throughout the Group.
Ensure that everyone in the Group acts in an ethical manner that is in line with our Vattenfall Code of Conduct.
All relevant employees and managers should have completed the VIP training or the online courses on Integrity.
- Integrity training and education: More than 1,200 employees completed the Code of Conduct e-learning training in 2016. More than 1,100 employees attended the VIP in 2016, corresponding to nearly 4,000 hours of training.
- Awareness and monitoring: It is the responsibility of every manager to lead by example and to ensure that their team members understand our core values. More than 400 managers complete the Vattenfall Integrity Survey every year. Based on the survey responses and various interviews, a range of activities may be initiated, such as the monitoring compliance with our governing rules or providing tailor-made information material.
- Incidents: A total of 40 integrity-related incidents were reported in 2016, of which ten led to disciplinary action. None of the incidents in 2016 were related to antitrust/competition issues.
Challenges we have
To adapt Vattenfall's Integrity organisation and the existing work processes to the company's new organisational structure while maintaining a high level of quality and results.
Our planned activities
Vattenfall will continue its work on incorporating the Code of Conduct into business practices and related matters, but with a more local focus. Vattenfall will continue to conduct risk assessments related to integrity. Accordingly, Vattenfall will continue its work to raise awareness within the company through training and communication, to ensure compliance with the rules in these areas.